SPAC IPO Update — July 24, 2026
2 SPAC IPOs priced on July 24, 2026, raising $275M; July MTD now stands at 15 IPOs totaling $3.21B over 24 sessions.
SPAC IPO Count
Month-to-date: 15 IPOs ($3.21B) vs. first 24 days of last month 15 ($3.15B) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
Pelican Acquisition II Corp aims to identify acquisition targets with long-term growth potential and defensible market positions. The SPAC is looking at large underpenetrated markets with favorable industry dynamics.
Structure: Units consist of one ordinary share and one right. EarlyBirdCapital, Inc. is the sole book-runner.
Market Technology Acquisition Corp priced its $200M IPO and trades on Nasdaq under MTAK. The SPAC targets businesses in the global capital markets ecosystem, focusing on U.S. equities and options clearing infrastructure.
Structure: 20M units at $10.00 each, consisting of one Class A ordinary share and one-half of one redeemable warrant. BTIG acts as the sole book-running manager.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| Jul 24 | MTAK | Market Technology Acquisition Corp | $200M | 100.5% |
| Jul 24 | PLCI | Pelican Acquisition II Corp | $75M | 101.0% |
| Jul 21 | BRTM | B&R TECHNOLOGY MERGER CORP | $325M | 100.0% |
| Jul 21 | NCO | SOUTHERN CROSS ACQUISITION I CORP | $100M $15M overallotment | 100.0% |
| Jul 17 | AMAC | AMR RESOURCES ACQUISITION CORP | $250M $10M overallotment | 100.0% |
| Jul 14 | JONE | JONES VENTURES INTL ACQUISITION1 CORP | $200M | 100.0% |
Daily SPAC Update — July 24, 2026
SPAC VOTE RESULTS
FOUR LEAF ACQUISITION CORP (FORL) * Extend to June 22, 2027893,090 redeemed
SPAC EXTENSIONS
FOUR LEAF ACQUISITION CORP (FORL) * Extension FilingStockholders approve extending SPAC deadline to June 2027 via amendments, with monthly $75,000 deposits.
DeSPACs
July 24 | RACY DeSPAC → Instinct Brothers Co., Ltd. (BIOT)Instinct Brothers Co., Ltd. is a vertically integrated Japanese company focused on stem cell technology and regenerative medicine. It engages in research and development, manufacturing, distribution, retail, and clinical applications. Founded in 2017, it aims to advance stem cell science and improve patient outcomes through the development of stem cell-based therapies.
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-07-16: FACT + Precision Aerospace Defense Group, Inc.
2026-07-15: FORL + Xiaoyu Dida Interconnect International Limited
SEPARATE WARRANTS/RIGHTS
July 27: INTERPRIVATE INVESTMENT PARTNERS V INC (IPV)
July 27: LONG TABLE GROWTH CORP (LTGR)
July 27: FUTURECORP SPACE ACQUISITION 1 (FTRA)
OTHER SPAC NEWS
BLEICHROEDER ACQUISITION CORP II (BBCQ) * Merger Agreement AmendmentAmendment No. 3 revises the LTIP for the Surviving Corporation, enabling founder’s warrants or free shares up to 10% post-closing with performance-based vesting to be negotiated and approved by the board.
SPAC LIQUIDATIONS
CHURCHILL CAPITAL CORP IX (CCIX) -> Liquidation on July 28
COMPASS DIGITAL ACQUISITION CORP (CDAQ) -> Liquidation on July 20
SPAC DEALS ANNOUNCED
July 22 | Apex Treasury Corp (APXT) + TECfusionsTECfusions develops and manages data center infrastructure focused on high-density compute environments. It aims to support sectors such as neocloud, enterprise AI, and GPU-as-a-Service providers. The company emphasizes sustainability and operational efficiency in its facilities, which are designed for rapid deployment and include features like low-water cooling and robust power availability.
July 22 | Kensington Capital Acquisition Corp VI (KCAC.U) + Nth Cycle Inc.Nth Cycle Inc. is a midstream refining company focused on critical minerals. It develops technology and infrastructure to process domestic mineral resources, utilizing its modular OYSTER system and proprietary electroextraction platform. This approach aims to reduce capital intensity, deployment time, and emissions while converting industrial scrap and primary feeds into refined products in the nickel, cobalt, copper, and rare earth value chains.
July 22 | Westin Acquisition Corp (WSTN) + First Choice Healthcare Solutions, Inc.First Choice Healthcare Solutions, Inc. provides healthcare services by developing and operating clinics focused on functional health, longevity, and regenerative medicine. It also manages related healthcare businesses.
SPAC Executive & Director Moves — July 24, 2026
| Company | Ticker | Moves |
|---|---|---|
| B&R TECHNOLOGY MERGER CORP | BRTMU |
|
SPAC Movers — July 24, 2026
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| STONEBRIDGE ACQUISITION II CORP | APAC | 33.6% | $ 13.58 | Pre-Deal |
| LAUNCH ONE ACQUISITION CORP | LPAA | 3.5% | $ 11.19 | Pre-Deal |
| RESEARCH ALLIANCE CORP IV | RACD | 2.4% | $ 10.65 | Pre-Deal |
| EUREKA ACQUISITION CORP | EURK | 1.6% | $ 12.00 | Announced |
| KEEN VISION ACQUISITION CORP | KVAC | 1.2% | $ 12.55 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GENERAL PURPOSE ACQUISITION CORP | GPAC | -12.8% | $ 10.01 | Pre-Deal |
| BLACK HAWK ACQUISITION CORP | BKHA | -5.7% | $ 12.35 | Announced |
| VELOS ACQUISITION I CORP | VLOS | -3.9% | $ 10.70 | Pre-Deal |
| SPARK I ACQUISITION CORP | SPKL | -2.2% | $ 11.93 | Announced |
| CHURCHILL CAPITAL CORP XI | CCXI | -1.7% | $ 14.40 | Announced |
Frequently Asked Questions
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How many SPAC IPOs priced in July 2026 through July 24?15 SPAC IPOs priced for $3.21B through July 24, 2026, compared with 15 IPOs for $3.15B over the same 24-day span in June 2026.
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What happened at FOUR LEAF ACQUISITION CORP’s extension vote?FOUR LEAF ACQUISITION CORP (FORL) received approval to extend its deadline to June 22, 2027, with 893,090 shares redeemed.
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Which DeSPAC completed this week?RACY completed its DeSPAC with Instinct Brothers Co., Ltd., which now trades as BIOT and focuses on stem cell technology and regenerative medicine.
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Which SPAC mergers were announced in the last 5 days?